Why most kids nowadays don't understand the value of money?

I agree with the other posters that it's a cultural problem but parents still have the responsibility to teach their kids. So many times, parents are as bad as the kids. Kids learn attitudes both at home and at school. Other cultural events are (or should be) under a parent's control. Our culture has gone downhill quickly over the last few decades.

I think that when a child is a baby their parents should speak in a polite way. Then when the child has early talking skills he or she should be asked to say "please" and "thank you". I think that a child should get presents for their birthday and some money to save. This child should save money over the years. When the child is a teenager the parents should give pocket money. The teenager should not use bad language. If the 13 year old gets difficult then this behavior should stop. If a 14 year old is rude he or she should say sorry. Then the young person gets in training for 15 to 16 years old plus onwards. A 16 year old should not kill in order to buy a bike. Parents should not spoil their children but make them caring and thoughtful teenagers.

Hi Akangirl, very sad to hear that. I think the kids know about the value of money, but they do not know about the value of having relatives to help them. It is sad to hear that grandchildren treat grandparents as liabilities, instead of the source of wisdom in the family. I think kids are very stupid, even though they are well aware of the power of money. They still do not understand that money is never as important as having family around, and having friends with us.

I think it's wrong to put a teenager to work like it was done to me and specially to have ALL your money taken from you, but I do agree with my parents to allowing me to work, of course again not taking everything from the kid. But a part-time job. I think it's good to allow a teenager from 16 or 18 to start work a PART-TIME job because they will learn the value of money, know how it's not that easy to make. Once they start to work they change. But not a full time job, I think that is just wrong. I used to work 13 hours overtime.

I have a bou 13 years old who knows that in the life everything has its own time, bevcause if like I say ti him if I don't have money I am no going to kill anybody to buy him anything. He have being asking me about a cellphone but I don't have money, he says that everybody have phone in the chool, but if I don't have money, I don't have money and that's i. Today like almost evryday he didn't want the dinner I gave him,and I said that what we hav today and that's it, if you want you eat it if don't want go to the bed hungry. Raising a child properly is about alt of not and some yes, so they have to learn that nothing in the life is easy and that everything have its own time.

There's a lot of factors why this is happening. Media like tv and internet is one of those factors, kids get brainwashed by what they see in tv/net like having this thing or that thing is cool and you can't be "in" if you don't have this or that thus making kids nowadays always want to have what others have thinking they need those things to be cool. Most parents too are responsible for that they spoil their kids, they don't explain to their kids how hard it is to earn money and some of the parents who are too busy working just cover their lack of time for their children with material things.

Hi, akangirl: I think that happened because of the bad habits of how to get our kids grow in a healthy way. most of families get all what their kids wants without any discussion with them for what they want to use. and that behavior get kids nowadays don't understand the value of money. each family should try to get their kids the responsibility to knew the value of money.

It's not just parents spoiling their kids, it's the fact that the culture has such an emphasis on materialism, and that "they have to have the lasted thing, and have it now", it's that mentality that has gotten into a lot of people, and not just teens, but a lot of adults too.